Tuesday, August 16, 2005

Smart investors benefit from buoyoant Suffolk rental market

There's extrodianary demand for rental properties with new instructions being snapped up. "The latest rental property left 3 clients without" said Todd Lewis Director of Bychoice. "Sudbury is an area of rising growth and high house prices are driving buyers into rental properties.
For advice please contact Todd Lewis in Sudbury or Clare Steadman in Long Melford on 0800 028 2300

New pension changes could boost property market

Billions of pounds are expected to be invested in the property market when next year's pension changes come into effect...

Pound HouseThat's the forecast from experts at The Property Investor Show which takes place on 23-25 September at London's ExCel. As from 5 April 2006 - known as A-Day - changes to the pension law will allow people to invest in residential property in the UK and overseas.

Huge numbers of investors are expected to take advantage of the changes, which will allow people to plan for their old age and give a major boost to UK pension funds.

Rightmove survey shows East Anglia price drop


Rightmove's latest report shows prices in East Anglia still slowing with the average house in August o5 being £185,671 compared with July 05 £186,607 a -0.5% fall.

However annually the survey shows a 0.6% rise.

Click here for the full report

Monday, August 15, 2005

Tv Company seeks budding restauranteur?



chef


Are you opening a new restaurant? KEO Films are looking for people with little or no experience who are planning to open a new restaurant in spring or summer next year. Participants will be filmed for a new documentary series on Channel Five.

prospective chefs might like to look at Peppermill a restaurant for sale in Clare Suffolk

If you have an appetite for success and aren't worried that you've bitten off more than you can chew, contact Paul at KEO Films. Alternatively, commercial property estate agents, if you have a client who fits the bill, please pass on the following details:

Phone Paul on 0207 490 3580 or by email at paul@keofilms.co.uk

Thursday, August 04, 2005

Bank rate cut boosts Suffolk property market

Interest cut boosts Suffolk market

The Bank of England cut interest rates for the first time in two years Today, by a quarter percentage point to 4.5 percent, as growth slows in the world's fourth largest economy.
Todd Lewis said "It's a timely boost to what has been a sluggish market"

The cut also means good news for mortgage holders. The Halifax dropped its standard variable rate to 6.5% immediately after the news - leaving customers with an average mortgage of £80,000 £12 better off a month

Tuesday, August 02, 2005

Property seeks budding Jamies Oliver

“Add a New Twist to Life at the Peppermill”


ANYONE tired out by the daily grind, and longing to share their culinary craft with a wider audience than just their partner and a pampered pooch, could add a new twist to life at the Peppermill, a popular little restaurant for sale in beautiful Clare, Suffolk.

Occupying a portion of an historic building dating back to 1325, part of the former Moot Hall in Well Lane, this 18-seater tasty little gem was founded almost 25 years ago by its current owners, Roger and Julene Steele, and is a popular haunt for locals as well as for some passing celebrities.

Former diners have included Martin Jarvis, who became quite a regular when in the area, and the pop group Katrina and the Waves, who used to bring the entire crew in for breakfast when they were recording at a studio nearby.

In recent years, the Steeles have mostly only opened for teas and lunches five days a week. But the restaurant, which currently has a liquor licence, has permission to function between 9.30 and midnight, so there is plenty of scope to expand the business for someone with the energy and ambition to succeed, says Roger.

The Peppermill now requires some modernisation. Two upper rooms, which could provide owners’ accommodation with a bathroom created from one of the two customer’s cloakrooms, are now “pretty derelict”, according to Roger, and the kitchen could also use some updating. But the restaurant, over 22ft long and partially divided by open studwork, is delightful, with its heavy timbering and inglenook fireplace. There is a bar area to one side, and a pretty garden outside to the rear. There is a right of access across a neighbouring property, particularly useful for removal of dustbins.

The freehold is offered at £170,000 through agents BYchoice (0800 028 2300), a price acknowledging that more expenditure will be necessary. Roger believes an additional £50,000 should cover the work required.

Suffolk market awaits rate cut

Suffolk home owners are expecting the Bank of England to make a 1/4 % cut in interest rates when they announce there decision at midday on Thursday.
"The market is now expecting and ready for a cut" says Todd Lewis, of BYchoice in Sudbury Suffolk.